FY 2026-27 Proposed Midcycle Budget

Elizabeth Lake, Acting City Administrator Subject: FY 2026-27 Mayor’s Proposed Midcycle Budget Date: June 5, 2026 Page 6 Special City Council June 12, 2026 meet all of these provisions. This budget takes a first step in this multi-year process by providing the required GPF match for the Measures C and D which support the operation of the Oakland Public Library. The budget also achieves the minimum staffing for the City Auditor’s office under Measure X. The Mayor’s plan for Measure E spending, should it be approved by voters will also allow the City to meet the minimum funding requirements for Parks Maintenance under Measure Q and achieve the required minimum budget staffing of 700 sworn Police Officers under Measure NN. Budget Overview As shown in Table 1 below, the FY 2026-27 Proposed Midcycle Policy Budget totals $2.27 billion across all funds, including restricted and capital funds. The planned General Purpose Fund (GPF) Expenditure of $812.9 million in FY 2026-27 is $44.1 million less than the planned GPF expenditure from year 2 of the FY 2025-27 Adopted Biennial Policy Budget. These reduced expenditures are reduced despite substantial growth in costs due to inflation, insurance, medical and pension costs, and negotiated salary increases. This Proposed Midcycle Budget funds a net 1-year total of 86.48 full-time equivalents (FTE) above the FY 2025-26 amount. Table 1: Revenues, Expenditures, & Full-time Equivalent Positions FY 2025-26 Biennial Adopted FY 2026-27 Biennial Adopted FY 2026-27 Midcycle Proposed General Purpose Fund $791,285,083 $856,986,849 $812,858,494 Restricted Special Funds $1,382,722,509 $1,341,465,854 $1,461,240,387 Total – All Funds $2,174,007,592 $2,198,452,703 $2,274,098,881 Full-Time Equivalent Positions - GPF 2,082.81 2,110.44 2,137.55 Full-Time Equivalent Positions – All Funds 2,400.95 2,368.31 2,432.69 Please see the FY 2026-27 Proposed Midcycle Budget document for details on the proposed budget. The FY 2026-27 Proposed Budget may be accessed online in interactive budget book on the FY 2026-27 Budget website: www.oaklandca.gov/budget RELATED PLANNING EFFORTS The FY 2026-27 Proposed Midcycle Budget advances several broader City planning and fiscal policy efforts, including Priority 5 of the Oakland Strategic Plan focused on responsive, transparent, and fiscally sustainable government operations. The proposed budget also reflects ongoing implementation of the City’s Roadmap to Fiscal Health, including multi-year efforts to address structural fiscal imbalances and restore compliance with voter-approved maintenance of effort requirements.